Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
The Treasury Department Friday released a report giving a detailed accounting of marketable debt, showing that most of the space from its "extraordinary measures" has already been used.
The summary of debt balances shows the agency has used USD234 billion of the USD304 in authorized extraordinary measures as of September 22, with USD70 billion in headroom remaining. Once Treasury has utilized all of the emergency borrowing authority, only two sources will remain from which to continue funding government operations, including remaining cash on hand, which stands at USD174 billion as of September 23, and daily federal revenues received each day.
Analysts have pointed out that October 1 is a particularly difficult date for federal finances due to a large payment that is owed to the Military Retirement Trust Fund, among other large benefit payments also owed that day. The Bipartisan Policy Center, a think tank, estimates Treasury will most likely have insufficient cash to meet all its financial obligations sometime between October 15 and November 4.